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#2215163 - 06/06/19 05:21 PM Force place flood insurance process
Wanna Know Offline
Junior Member
Joined: Aug 2018
Posts: 40
Do you know or can you find out please:

If your bank has to force place flood insurance what is their process?

Do they set up or add to the existing escrow/impound account, add it to the loan amount or use a suspense account, etc?

I am trying to get a feel of what other banks are doing.

Thank you.

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Flood Compliance
#2215169 - 06/06/19 05:30 PM Re: Force place flood insurance process Wanna Know
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 76,987
Galveston, TX
This is mainly going to depend on what your loan and security agreement indicate will happen.
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